Commerzbank, a major German bank, has obtained a cryptocurrency custody license, becoming the first full-service bank in Germany to do so. This license allows the bank to expand its digital asset offerings and provide custodial services for crypto assets. Commerzbank plans to establish a secure and compliant platform using blockchain technology for these services. The […]
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Crypto.com to offer regulated virtual asset services such as exchange services, broker-dealer services, management and investment services, and lending and borrowing services. The license is subject to compliance […]
Standard Chartered Bank has partnered with FundsDLT to offer blockchain-powered funds transfer services to clients in North Africa and the Middle East. The new platform will streamline and enhance asset managers’ front-to-back solutions, addressing the challenges of manual transfer processes in the asset management industry. This partnership aligns technical and security standards, allowing Standard Chartered […]
The global movement to promote crypto tax transparency is gaining momentum, with new requirements being placed on participants in digital asset markets in Europe and the U.S. These initiatives aim to ensure that transactions are reported and that participants comply with other provisions. This increased transparency is intended to address concerns about tax evasion and […]
Commerzbank, one of the largest banks in Germany, has received regulatory approval to offer crypto custody services, making it the first full-service bank in the country to do so. The approval was granted by the Federal Financial Supervisory Authority (BaFin) under the German Banking Act. This milestone allows Commerzbank to develop digital asset solutions, including […]
Liberland, a small micronation situated between Croatia and Serbia on the Danube river, is gaining attention in the cryptocurrency world. Led by its self-proclaimed president, Vít Jedlička, Liberland aims to establish a jurisdiction with minimal regulations to attract blockchain companies and operate on voluntary taxes. Bitcoin holds a significant role in the nation, with the […]
The Stellar Foundation has been making significant progress this year in leveraging blockchain technology to bring about real-world changes. At the recent Meridian Conference, the foundation showcased some of its notable developments and shared future plans, including its collaboration with actor Idris Elba. Elba, known for his humanitarian work, recognized the potential of Stellar in […]
The Museum of Modern Art (MoMA) in New York is making waves in the traditional art world with its recent acquisitions of groundbreaking generative art pieces. MoMA has added Refik Anadol’s “Unsupervised — Machine Hallucinations” and Ian Cheng’s “3FACE” project to its collection, marking the first-ever inclusion of artificial intelligence (AI) and nonfungible token (NFT) […]
Commerzbank, a German bank, has been granted a license to handle cryptocurrency by local regulators. This license, issued under the German Banking Act, makes Commerzbank the first “full-service” German bank to receive such authorization. With this license, the bank will be able to offer digital asset services and custody of cryptocurrency assets. Commerzbank sees this […]
The dYdX Chain, a decentralized derivatives trading platform, has reached a significant milestone with the launch of its beta mainnet stage. This transition was made possible through a governance vote that received overwhelming community support. The beta stage allows for active trading across 33 markets, offering users the opportunity to engage in trading with leverage […]
